Weekly mortgage applications took a sharp fall | Get a low mortgage rate

http://https://www.cnbc.com/video/2018/06/27/weekly-mortgage-applications-fall.html

Weekly mortgage applications took a sharp fall

Applications for mortgages to purchase a home led the decline, falling 6 percent for the week. More new listings are coming on the market this summer, but buyers are bumping up against high prices and multiple offers. Cash buyers often have the upper hand, as sellers would rather not deal with appraisals that might not meet those higher prices.

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